The Financial Post publishes an article titled ‘Why we’re in trouble if housing craters’, by Tim Shufeldt, FP, 23 Feb 2012.
The ensuing comments:
“Real estate prices in Canada have to come down, because it’s not different here…” – Rafinator
“It’s bad enough that the market can create bubbles on its own. It’s much worse when the government creates bubbles.” – NewWorldPartDotOrg
“Housing bubble is there in Canada and will collapse soon.” – Nickk
“In my experience, many foreclosures are the result of divorces and not just job losses while prices rise since two houses are now needed instead of one.” – Green is the Colour
“As was the case in the United States, certain of Canada’s real estate markets are becoming increasingly less affordable by average families. As shown in this article, out of 35 major real estate markets in Canada, only 9 are considered affordable with 6 being considered severely unaffordable when measured in terms of median price to median household income.” – Georgiaorwell84
“It’s too late….we’ve already passed the point of no return a long time ago. Everyone who’s in debt may as well borrow the rest of their margin and throw a big party. Go out with a big bang…….” – TOC
“Tell us something we don’t know.” – Mithan
That’s it. That’s all the comments.
At FP, not some loonie bear blog.
We know what’s up folks.
All it’s going to take is a price move to the down-side, a decent shove, and we’re off down the bobsled run.
Everybody, out of the pool!